by Frank Holmes, reporter
The Clintons have a long history of bad health insurance deals.
Long before there was ObamaCare, in 1994 then-First Lady Hillary Clinton took a stab at rewriting insurance regulations, but HillaryCare turned out to be a flop.
It looks like Chelsea Clinton has followed in her mother’s footsteps—but not through a bad legal code. Outraged customers are saying there’s nothing legal about the latest Clinton healthcare scandal.
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Chelsea Clinton owns a large stake in a health insurance company accused of fraud.
The company tied to the former First Daughter, Clover Health, has been charged by the Justice Department with giving kickbacks to doctors in exchange for referrals.
That’s scandal one. Scandal two is that they didn’t bother to tell investors they were under federal investigation—which would scare off buyers and lower the stock value.
The insurance agency is also facing a huge class-action lawsuit for fraud.
Chelsea Clinton can’t exactly wash her hands of this and claim she had nothing to do with the company, because she’s the director of Clover Health.
“Chelsea Clinton has served as a member of Clover’s board of directors since February 2017,” the company’s website says. And she can’t walk away from it, either, because she’s not a petty investor: Chelsea Clinton owns 536,648 shares of Clover Health Class B Common Stock worth an estimated $7 million, according to the investigative work of the Washington Free Beacon.
She’s in for a penny, in for a pound — and the company could take a legal pounding.
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One major investor said Clover Health, Clinton’s company, is “basically a fraud” at Bloomberg’s Qatar Economic Forum.
The company is so dirty that it became the subject of a huge, damning report from Hindenburg Research in February.
Hindenburg researched Clover Health for four months and found where all the bodies were buried—and one of them was Chelsea Clinton’s. A big part of Clover’s scam involved lying to senior citizens.
“Clover has a thinly-disclosed subsidiary called ‘Seek Insurance’. Seek makes no mention of its relationship with Clover on its website yet misleadingly advertises to seniors that it offers “independent” and “unbiased” advice on selecting Medicare plans,” said Hindenburg. “It claims, ‘We don’t work for insurance companies. We work for you’, despite literally being owned by Clover, an insurance company.”
Hindenburg said that Seek drove “much” of Clover Health’s business—that is, “much” of Chelsea Clinton’s company seems to be based on fraud.
“Its activities are also under investigation by the DOJ,” Hindenburg reported.
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Not only that, but Clover didn’t tell investors anything about the Justice Department’s numerous investigations when they tried to lure them into buying its stock. The report’s timing was deadly, because Clover Health had just gone public a month earlier.
The company seems deem in scandal from top-to-bottom. Clover Health’s Chief Executive Vivek Garipalli and co-founder Jeffrey Mandler also own a New Jersey hospital that has charged blue-collar patients as much as $9,000 for a bandage—to a patient who didn’t need it, according to the New York Post!
The hospital funneled $157 million in “management fees” to companies owned by Garipalli and Mandler.
Then there’s Chelsea Clinton herself. She served as vice chair of the Clinton Foundation, which raked in millions of dollars of donations from foreign nations while Hillary Clinton was secretary of state and assumed to be the next president of the United States.
For some reason, all the donations dried up the moment Hillary lost the election—but Chelsea had already been set up for life. She had a small stint as an NBC “reporter,” making $600,000 for making eight appearances. She has zero journalism training.
The Clintons’ deep-pocketed friends also got her a cushy gig sitting on corporate boards with tens of thousands of dollars in retainer fees, just like Hunter Biden.
She may have lost some of her cash this winter. Clover Health’s stock dropped like a rock, losing 10% of its value after the Hindenburg report came out—but for some reason, Clover Health’s stock has found a market with users on Reddit—the people who made a killing by beating short-sellers on GameStop stock.
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But the DOJ investigation is still going on.
But will the Biden Justice Department have the political courage to put Chelsea in jail?
Frank Holmes is a veteran journalist and an outspoken conservative that talks about the news that was in his weekly article, “On The Holmes Front.”